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Sterling

Fluctuations in the value of the British pound (GBP) can have wide-ranging effects on the UK hotel sector, from international visitor demand to supplier costs and investment flows. We report on market trends, currency forecasts, and the economic impact of sterling movements on pricing, profitability, and overseas travel patterns. Coverage also includes how hotel operators and investors adapt to currency volatility in their financial and strategic planning.

  • Sep- 2019 -
    13 September
    Hotel BrandsBest Western GB ‘shrugs off’ Brexit fears with continued investment

    Best Western GB ‘shrugs off’ Brexit fears with continued investment

    Best Western GB has revealed that over two-thirds of its hoteliers are planning to make significant investment to their properties over the next 12 months, despite the “ongoing uncertainties” around Brexit. The group, which represents around 260 independent hotels throughout the UK, reports that £65m has been invested across its…

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  • 11 September
    Hotel BrandsStaycity reports ‘strong’ H1 trading despite Brexit concerns

    Staycity reports ‘strong’ H1 trading despite Brexit concerns

    Dublin-based aparthotel operator Staycity Group has reported a “strong start” to trading in the first half of 2019, with like-for-like sales up 2.4% in the year to July 2019. The fast-expanding Staycity, which now operates nearly 3,000 apartments across 12 European cities, said the increase is on the back of…

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  • May- 2019 -
    17 May
    AdviceThe rise of monster ‘cardboard cookie cutter’ hotels

    The rise of monster ‘cardboard cookie cutter’ hotels

    The landscape in the western world is dotted with so many bland, cheaply built, ‘cardboard’ big brand hotels that many areas are reaching saturation point. (Pun intended on soggy cardboard) There are literally hundreds of synonyms for ‘cookie cutter’ and all of them would be suitable to the way I…

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  • Mar- 2019 -
    22 March
    PropertySterling Woodrow adds Cumbrian hotel to portfolio

    Sterling Woodrow adds Cumbrian hotel to portfolio

    The freehold for the Cumbria Park Hotel, in Carlisle, a historic city and county town of Cumbria, has been sold to Sterling Woodrow, a property investment firm based in the South East of England. The three-star hotel occupies several converted, previously residential properties close to the city centre, and features…

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  • Dec- 2018 -
    6 December
    EconomyUK hotel sector remains ‘resilient’ despite Brexit concerns, new research reveals

    UK hotel sector remains ‘resilient’ despite Brexit concerns, new research reveals

    The UK hotel sector has had a resilient trading performance in 2018, with RevPAR levels recording growth of 3.9% in London, according to the latest research from Knight Frank. Knight Frank’s ‘UK Hotel Trading Performance Review 2018’, in partnership with HotStats, analysed the revenue, cost and profitability of hotels in…

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  • Nov- 2018 -
    26 November
    Hotel BrandsTourism growth boosts profitability at top 100 UK hotel groups

    Tourism growth boosts profitability at top 100 UK hotel groups

    Profitability at the UK’s top 100 hotel groups has risen 13% in the last year, with pre-tax profits of £689m, up from £609m compared with the previous year. According to accountancy firm Moore Stephens, hotels are benefiting from a continued drop in the value of sterling, which has led to…

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  • Oct- 2018 -
    8 October
    Hotels£5bn invested in UK hotels by Q3 2018

    £5bn invested in UK hotels by Q3 2018

    The UK hotel sector has witnessed transactions totalling almost £5bn up to the end of Q3 September 2018, an increase of 27% on last year, according to the latest research by global property adviser Knight Frank. Knight Frank said portfolio activity dominated hotel investment in the year to date, totalling…

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  • Aug- 2018 -
    2 August
    AdviceHow social media can attract Chinese travellers

    How social media can attract Chinese travellers

    The post-referendium devaluaiton of sterling has precipitated an amazing influx of tourist interest in the last 12 months, with the UK welcome a record number of inbound visitors in 2017. This is especially true for those outside of Europe, because although the European continent is still our biggest market for…

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  • Jul- 2018 -
    16 July
    PropertyInvestment and demand in UK hotels remains strong, says Christie & Co

    Investment and demand in UK hotels remains strong, says Christie & Co

    The hotel market is enjoying a “stellar” period according to business property adviser Christie and Co’s latest half year report. The report provides an overview of the UK hotels market in the first half of 2018, reflecting on previous expectations, emerging trends, and any challenges facing the sector. It says…

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  • 10 July
    AppointmentsVineyard Hotel GM announces departure

    Vineyard Hotel GM announces departure

    The Vineyard Hotel has announced that its current general manager, Marwan Hemchaoui, will leave the hotel in mid-September to take up a new role at Ellenborough Park, Cheltenham. Hemchaoui has held the position at the property since 2013 and handled the hotel’s introduction to the Pride of Britain hotel collection.…

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